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Liquid Silicone Rubber (LSR) is turning out to be progressively popular across various industries because of its adaptability, solidness, and wide variety of uses.
In Bangladesh, the demand and supply of LSR have flooded as additional industries, including medical care, hardware, and auto, use this material for different purposes. Accordingly, understanding the valuing elements of LSR in Bangladesh is fundamental for organizations and consumers alike. This guide will investigate the elements impacting LSR costs in Bangladesh, look at local and imported choices, and give insights into where to track down the best materials.
Why is Liquid Silicone Rubber So Popular in Bangladesh?
LSR has been a popular material because it can be ascribed to remarkable properties that put it aside from different elastomers. LSR’s capacity to endure outrageous temperatures, its adaptability, and its biocompatibility make it ideal for many applications. From medical gadgets to auto parts, LSR is utilized in items that require accuracy, solidness, and security.
As we know, Bangladesh’s manufacturing sector is expanding. LSR is highly useful for manufacturing household products and medical-grade products. Due to its high durability, it is used in multiple industries. It does not wear off easily and is heat resistant.
Healthcare centers in Bangladesh are rapidly picking up a pace. Liquid silicone offers significant value in the medical industry due to its non-toxicity, biocompatibility, and sterility. The healthcare industry makes many products using liquid silicone such as pacemakers, injection molding, etc.
Bangladesh stands out as the global leader in textile exports. To boost elasticity, Bangladesh uses LSR products, such as fabric coatings, elastomeric polymers, elastic applications, and more.
Current Market Trends: The Demand for LSR in Various Industries
Bangladesh admires liquid silicone rubber & is being used in various industries due to its unique properties. As we have already mentioned, the healthcare industry is making products using liquid silicone because of its biocompatibility and resistance to bacteria.
Its demand has increased by 12-15% annually. Due to the increase in the demand for medical-grade items, the demand for liquid silicone rubber has also increased. The textile industry is enjoying the perks of liquid silicone rubber in Bangladesh. The demand has increased by 8-10%.
The market for liquid silicone rubber in Bangladesh is extending quickly, with demand coming from a few enterprises. In the medical care area, LSR is utilized to make medical gadgets like catheters and seals because of its non-poisonous and hypoallergenic properties. In the auto business, it’s utilized for assembling parts like connectors that require high protection from outrageous temperatures and wear.
What Influences the Price of Liquid Silicone Rubber in Bangladesh?
A few factors impact the price of liquid silicone rubber in Bangladesh, making it fundamental for purchasers to comprehend the economic situation before making a purchase. These elements incorporate unrefined raw material costs, import charges, manufacturing costs, and logistics costs.
- Raw Material: The price of silicone varies because of the key raw material in LSR and worldwide economic situations. These progressions straightforwardly influence the expense of producing LSR, with higher raw material prices prompting expanded LSR costs.
- Demand and Supply: More popularity in businesses like medical care, hardware, and auto areas can increase prices. On the other hand, on the off chance that demand diminishes or supply increases, prices might be at equilibrium or drop.
- Import Charges: LSR in Bangladesh is mostly imported, and tax burdens, customs obligations, and transportation charges add to its general price. These costs make imported LSR more costly compared with privately created options.
- Quality: The quality of LSR influences its price. Higher-grade LSRs, particularly those utilized for specific applications, will quite often be more costly because of stricter assembling principles.
- Manufacturing and Logistics: Local manufacturing includes huge expenses for machinery, quality control, and labor. Logistics costs, particularly to far off areas, additionally increment the last price of LSR in Bangladesh.
Price Comparison: Local vs. Imported Liquid Silicone Rubber in Bangladesh
Note: These prices are based on various factors such as, exchange rate, import regulations, local market etc, and can change at any time.
Imported LSR
The average prices for imported liquid silicone rubber range from $4 to $11 per kilogram depending on the supplier and specific product characteristics. This translates to approximately ৳ 450 to ৳ 1,250 per kilogram ($3.77-$10.46), considering current exchange rates and import duties.
- Jiangmen Guanhe Silicone Technology offers LSR at about $4 to $9.5 per kg (৳478- ৳1135.33).
- Dongguan City Kedo Silicone Material lists prices ranging from $9.5 to $11 per kg (৳1135.33- ৳1314.5).
Local LSR
Local Liquid Silicone Rubber average prices are around ৳ 590 to ৳ 2,200 ($4.94-$18.41) depending on the product type.
Advantages of Buying Locally Produced LSR
Purchasing locally created liquid silicone rubber (LSR) in Bangladesh frequently prompts lower prices since it stays away from import obligations and delivery costs. Local providers offer speedier conveyance, lessening lead times for makers. Also, supporting local creation helps support the economy and advances better provider connections. Local LSR is additionally custom-made to regional prerequisites and industry norms, guaranteeing appropriate quality.
Cost Implications of Imported LSR
Imported LSR generally accompanies greater expenses because of import taxes such as tariff and quotas, customs obligations, and shipping charges. While it might offer predominant quality and consistency, these additional costs make it more costly for buyers and organizations. Longer lead times and potential delays can likewise affect manufacturing processes, adding to in general project costs.
Where to Find Liquid Silicone Rubber in Bangladesh?
Top Suppliers and Distributors of LSR
- Silikon Industries Ltd: A popular supplier in Bangladesh for Liquid silicone rubber is Silikon Industries Ltd which offers a high-quality liquid silicone rubber for various uses like kitchenware, and healthcare.
- Bangladesh Silicone Ltd: It is also known for its silicone which caters to local and international markets. They provide silicone which is best for medical devices, consumer goods and more.
- Techno Rubbers and Plastics Co: They offer silicone for industrial (machinery equipment) and consumer applications.
- Polytech Ltd: Another supplier is Polytech Ltd which provides a range of silicone materials for various uses like textiles & fashion; coatings and soft-touch finishes.
- Rubber & Plastics Ltd: It is a leading distributor of silicone known for its diverse inventory. The silicone is used to make sporting goods like protective gear.
Best Places to Find Affordable LSR in Bangladesh
- Local industrial markets: These markets can offer you competitive prices of liquid silicone rubber. You can establish direct contact with the local manufacturers by visiting the local markets.
- Online suppliers: You may also visit the websites of the suppliers where you can find detailed information regarding the prices and where you can compare the prices as well.
- E-commerce Platforms: Platforms like Alibaba and Amazon can be useful for finding suppliers of liquid silicone rubber.
- Local Distributors and Resellers: Hit the local distributors and resellers who may help you find the best supplier for liquid silicone rubber.
- Industry Networks: Join industry networks that provides recommendations for buying liquid silicone rubber in Bangladesh.
Conclusion: Understanding LSR for Smart Purchasing Decisions
In the developing land of Bangladesh, liquid silicone rubber (LSR) has been seen as a game changer for many industries. Many factors have influenced the prices of LSR in Bangladesh, including raw material expenses, import charges, and manufacturing costs.
Purchasers should cautiously assess the compromises between locally created and imported LSR, considering both expense and quality. By grasping the market elements and obtaining LSR from respectable providers, organizations and customers can go with informed buying choices that meet their financial plan and application needs. Whether you’re searching for reasonable choices for large-scale manufacturing LSR for specific applications, Bangladesh’s developing LSR market offers a scope of decisions to suit various needs. Keep an eye on the market trends which will empower you to make strategic decisions that will boost your business. Take advantage of liquid silicone rubber and thrive in the market.